The case pertains to an application filed under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, against Mrs. Sunku Vasundhara, the personal guarantor of M/s. Nathella Sampath Jewelry Private Limited, the Corporate Debtor, which is under liquidation. The application was filed by State Bank of India, the Financial Creditor. The date of default stated in the application is 04.02.2018. A demand notice was issued to the Personal Guarantor on 28.08.2020.
State Bank of India (SBI), the Financial Creditor, filed an application under Section 95(1) of the Insolvency and Bankruptcy Code (IBC), 2016 against Mrs. Sunku Vasundhara, the personal guarantor of M/s. Nathella Sampath Jewelry Private Limited, the Corporate Debtor. The Corporate Debtor is already under liquidation. The date of default is 04.02.2018. A demand notice was issued to the Personal Guarantor on 28.08.2020. The application seeks initiation of insolvency resolution process against the personal guarantor. The Adjudicating Authority considered the application and the judgment of the NCLAT, which mandates action on applications filed under Section 95 of IBC, 2016.
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The date of default as…
The Demand Notice issued under Rule 7(1) of the…
The case pertains to an application filed under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, against Mrs. Sunku Vasundhara, the personal guarantor of M/s. Nathella Sampath Jewelry Private Limited, the Corporate Debtor, which is under liquidation. The application was filed by State Bank of India, the Financial Creditor. The date of default stated in the application is 04.02.2018. A demand notice was issued to the Personal Guarantor on 28.08.2020.
State Bank of India (SBI), the Financial Creditor, filed an application under Section 95(1) of the Insolvency and Bankruptcy Code (IBC), 2016 against Mrs. Sunku Vasundhara, the personal guarantor of M/s. Nathella Sampath Jewelry Private Limited, the Corporate Debtor. The Corporate Debtor is already under liquidation. The date of default is 04.02.2018. A demand notice was issued to the Personal Guarantor on 28.08.2020. The application seeks initiation of insolvency resolution process against the personal guarantor. The Adjudicating Authority considered the application and the judgment of the NCLAT, which mandates action on applications filed under Section 95 of IBC, 2016.
The date of default as…
The Demand Notice issued under Rule 7(1) of the…